Theranos controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Elizabeth Holmes criminal conviction
Holmes was convicted on investor-fraud and conspiracy counts and later sentenced to 135 months in prison.
2022
Ramesh Balwani criminal conviction
Balwani was convicted in a separate federal case and later sentenced to 155 months in prison.
2018
SEC fraud allegations
The SEC alleged that Theranos, Holmes, and Balwani misled investors about the technology, business relationships, military use, and financial prospects of the company.
2016
Laboratory regulatory deficiencies
CMS found serious deficiencies at a Theranos laboratory and imposed sanctions affecting the company’s laboratory operations and Holmes’s future laboratory activities.
2015
Questions over proprietary testing claims
Reporting alleged that Theranos used conventional laboratory analyzers for many tests while publicly emphasizing its own proprietary systems.